What is it?

The Work Foundation describes itself as the “leading independent authority on work and its future.” Yet, in what the Guardian newspaper described as “one of the bleaker economic portents of recent days,” the think tank was declared insolvent and bought last year by Lancaster University. The move came after a winding-up petition citing a £27m (€32m; $44m) pension deficit was filed at the High Court in October.

The university said that all 43 jobs at the foundation were safe, including that of its executive vice chairman, Will Hutton, a former editor of the Observer newspaper.